President Trump is exposing China’s economic vulnerability, showing that the communist nation cannot maintain its rapid growth without it patently unfair mercantilist trade policies. The Chinese government recently announced that its GDP growth for 2018 of only 6.6 percent – the country’s slowest rate of economic development since 1990. Growth in the fourth quarter declined to 6.4 percent. For the […]
After months of painstaking bargaining by President Trump’s negotiating team, the renegotiated North American Free Trade Agreement (NAFTA), now rebranded as the United States-Mexico-Canada Agreement (USMCA), looks to set a template for modern American trade agreements in the 21st century. By all initial measures the USMCA lives up to frequently promised, but seldom delivered, concepts of free, […]
Federal Reserve Chairman Jerome Powell said Wednesday afternoon that the American economy will recover most of the lost economic output lost during the federal government’s partial shutdown.
The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 (revised down from $33.8 billion forecast in June).
Asian Pacific airlines recorded an “encouraging” increase in air cargo volumes in 2018, despite a slowdown towards the end of the year. The latest figures from the Association of Asia Pacific Airlines (AAPA) show that air cargo volumes increased by 3.9% year on year in 2018. However, growth continued to slow as the year progressed, […]
The American Association of Port Authorities (AAPA) has identified nearly $4 billion in “crucial” port and supply chain security needs over the next decade, according to a new report. In the fourth edition of its “The State of Freight” report, the AAPA recommends refocusing the Federal Emergency Management Agency’s Port Security Grant Program to “better meet the security infrastructure needs […]
The Association of American Railroads (AAR) today reported U.S. rail traffic for the week ending January 26, 2019. For this week, total U.S. weekly rail traffic was 522,026 carloads and intermodal units, down 4 percent compared with the same week last year. Total carloads for the week ending January 26 were 248,937 carloads, down 4.7 […]
Walmart is raising trucker salaries in its push to hire 900 more drivers this year across the United States, including Texas, where it has a big concentration of large distribution centers where empty trucks get filled.
American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index increased 6.6% in all of 2018 – the largest annual gain since 1998 and significantly better than the 3.8% increase in 2017.
For US shippers struggling to secure truck capacity, now is the time to act, and the first thing they should think about is time, especially how much time is lost in their supply chains. Capacity most often is measured in drivers, tractors, trailers, containers – all physical assets, human or otherwise – and space, as in […]
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